“What is the best way to move funds from one of our bank accounts to another asset account?”

I get that question a lot. There are a couple of ways, but perhaps the best way is to useEnterTransactions in Bank Account Management.

The reason is simple. If you make a manual journal entry in General Ledger, the transaction will only show in one account in Bank Reconciliation. But, if you use Enter Transactionsin Bank Account Management, then both accounts will show the entry in the reconciliation screens. Granted, the entry screen may be a bit confusing.

The following steps illustrate moving $1,000.00 from the Operating Account (10110) to the Savings Account (10180).